Two baht coin

Infobox Coin
Country = Thailand
Denomination = 2 baht
Value = 2
Unit = Thai baht
Mass = 4.4
Diameter = 21.75
Thickness =
Edge = Interrupted milling
Composition = Multi-Ply Plated Steel (Royal Canadian Mint’s Technology)
Cladding: 99% Nickel Core: 99% Low-Carbon Steel
Years of Minting = 2005 - 2007
Catalog Number = -
Obverse = 2 baht Obverse.png Obverse Design = H.M. King Bhumibol Adulyadej, the Great
Obverse Designer = Designed by Mrs. Bhudhachati Arunvej. Sculpted by Mr. Punya Kumkane.
Obverse Design Date = 2005
Reverse = 2 baht Reverse.png Reverse Design = The Golden Mount at Saket Temple, Bangkok
Reverse Designer = Designed by Mr. Chaiyod Soontrapa. Sculpted by Mr. Tummanoon Geawsawang.
Reverse Design Date = 2005
In Thailand, the two-baht coin is the coin which is worth 2 baht or 200 satang. The new 2-baht coin design features H.M. King Bhumibol Adulyadej, the Great on the obverse, like all other Thailand's legal tender coins presently in circulation. The reverse design depicts the Golden Mount at Saket Temple.

On September 15, 2005, the Royal Thai Mint started to mint the two-baht coins to complete the binary system in Thailand’s coinage. That is, each successive denomination is worth twice, or about twice, as much as the previous one. So the Thai coin denominations used in commercial are now as follows: 25 satang, 50 satang, 1 baht, 2 baht, 5 baht, and 10 baht.

Recent statistics show that the one-baht coins constitute about 60% of the total coin circulation in the Thai economy. According the Treasury Department, the issuance of the two-baht coins will solve the overwhelming demand for the one-baht coins as the two-baht coins are now filling the gap between the one-baht and five-baht coins. This translates into savings in time and materials for the Mint. The Mint also considers expanding the use of Multi-Ply Plated Steel Technology to other coin denominations due to volatile base metal prices and rising production costs.

ee also

* Thai baht

References

* The Treasury Department. "Annual Report", Bangkok, 2005.
* The Treasury Department. "Annual Report", Bangkok, 2006.
* The Treasury Department. "Annual Report", Bangkok, 2007.